Franklin Templeton Investments Corp. of Toronto has announced the merging of two of its funds into other funds. Franklin Bissett Canadian Higher Dividend Fund will be discontinued and merged into Franklin Bissett Canadian Dividend Fund. As well, Franklin Bissett Canadian High Dividend Corporate Class Fund will terminate and merge into Franklin Bissett Canadian Dividend Corporate […]
Toronto-based Vanguard Investments Canada Inc. has launched its first series of actively managed ETFs. This suite of funds consists of Vanguard Global Liquidity Factor ETF, Vanguard Global Minimum Volatility ETF, Vanguard Global Momentum Factor ETF and Vanguard Global Value Factor ETF. Vanguard Global Liquidity Factor ETF is meant to provide investors with long-term capital appreciation […]
Toronto-based TD Asset Management Inc. (TDAM) entered the ETF space at the end of March. TDAM launched six passive ETFs to follow fixed-income securities and equities, with exposure to Canadian, U.S. and international markets. The new ETFs are: TD Canadian Aggregate Bond Index ETF, TD International Equity Index ETF, TD International Equity CAD Hedged Index […]
Toronto-based Horizons ETFs Management (Canada) Inc. has launched a new dividend-focused, exchange-traded fund (ETF). Horizons Cdn. High Dividend Index ETF follows the Solactive Canadian high dividend yield index (total return), net of expenses. The index tracks 40 of the largest dividend-yielding companies on the Toronto Stock Exchange with a minimum market capitalization of $4 billion. […]
Montreal-based National Bank Investments Inc. (NBI) has launched its first “smart beta” funds – NBI SmartBeta Canadian Equity Fund and NBI SmartBeta Global Equity Fund. These funds are subadvised by New York-based Rothschild Asset Management Inc. The funds utilize both active and passive investing with a strategy called “equal-risk contribution,” which is meant to reduce […]
Toronto-based Horizons ETF Management (Canada) Inc. has launched two exchange-traded funds (ETFs). Horizons Active Cdn. Municipal Bond ETF will invest primarily in Canadian municipal bonds denominated in Canadian dollars. Up to 75% of the fund’s assets will consist of non-rated Canadian municipal bonds, which are issued by mid-size municipalities and provide a slightly higher yield […]
Toronto-based BMO Asset Management Inc. has launched four exchange-traded funds (ETFs), bringing its total roster of index-linked investments to 63 funds. All four of the new funds will give investors exposure to international markets and are meant to help investors manage risk and enhance yield. The four new funds are: BMO Low Volatility International Equity […]
Manulife Strategic Dividend Bundle now is available to retail investors. Launched by Toronto-based Manulife Investments, a division of Manulife Asset Management Ltd., the fund-of-funds provides investors with 60% exposure to Manulife Dividend Income Fund and 40% exposure to Manulife Strategic Income Fund. The bundle provides investors with exposure to both fixed-income assets in a global […]
Montreal-based Fiera Capital Corp. will close Fiera Tactical Bond Yield Fund and Fiera Tactical Bond Yield Fund II as of Nov. 30. The two funds now are suspended and are not accepting new purchases of units. Fiera decided to terminate the funds primarily because of the small number of unitholders and assets under management held […]
Vancouver-based Connor Clark & Lunn Investment Management Ltd. (CC&L) is now subadvisor to Renaissance High Income Fund (previously called Renaissance Millennium High Income Fund), sponsored by Toronto-based CIBC Asset Management Inc. CC&L offers several investment-management services, including equities, fixed-income, balanced and alternative solutions (including market-neutral and high-income strategies). The privately owned CC&L manages financial assets […]